Registered number
12622204
NISAN LIMITED
Filleted Accounts
31 May 2023
NISAN LIMITED
Registered number: 12622204
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,726 9,422
Current assets
Stocks 4,365 2,780
Debtors 4 49,620 36,500
Cash at bank and in hand 6,570 4,815
60,555 44,095
Creditors: amounts falling due within one year 5 (46,631) (26,360)
Net current assets 13,924 17,735
Total assets less current liabilities 21,650 27,157
Creditors: amounts falling due after more than one year 6 (9,405) (15,170)
Net assets 12,245 11,987
Capital and reserves
Called up share capital 100 100
Profit and loss account 12,145 11,887
Shareholders' funds 12,245 11,987
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Teber SIL
Director
Approved by the board on 13 October 2023
NISAN LIMITED
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 8,333 2,300 10,633
At 31 May 2023 8,333 2,300 10,633
Depreciation
At 1 June 2022 1,125 86 1,211
Charge for the year 1,297 399 1,696
At 31 May 2023 2,422 485 2,907
Net book value
At 31 May 2023 5,911 1,815 7,726
At 31 May 2022 7,208 2,214 9,422
4 Debtors 2023 2022
£ £
Prepayments & other debtors 49,620 36,500
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accrued expenses & trade creditors 9,474 5,033
Taxation and social security costs 37,157 21,327
46,631 26,360
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 9,405 15,170
7 Other information
NISAN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
138 London Road South
 Lowestoft
NR33 0AZ
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